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The paper develops a two-sector general equilibrium search model where goods are produced exclusively in the market and …
Persistent link: https://www.econbiz.de/10011586206
The paper extends the basic Stiglitz (1982) model of optimal income taxation into general search equilibrium. When we …
Persistent link: https://www.econbiz.de/10011588141
We examine wage competition in a model where identical workers choose the number of jobs to apply for and identical firms simultaneously post a wage. The Nash equilibrium of this game exhibits the following properties: (i) an equilibrium where workers apply for just one job exhibits unemployment...
Persistent link: https://www.econbiz.de/10011335208
We analyze the implications of multiple applications by job seekers for the microfoundations of the matching function. We emphasize a coordination failure caused by multiple applications, namely, that firms can waste resources processing applicants who are ultimately hired elsewhere.
Persistent link: https://www.econbiz.de/10011317448
We analyze the welfare and employment effects of different wage bargaining regimes. Within the large firm search model …
Persistent link: https://www.econbiz.de/10003951899
The paper develops a two-sector general equilibrium search model where 'goods' are produced exclusively in the market …
Persistent link: https://www.econbiz.de/10011408425
prevalence of social networks in job search there is as yet no consensus on the mechanisms for why referrals are so important: an …
Persistent link: https://www.econbiz.de/10013471132
search on either side of the labor market. Third, we allow for multiple types of jobseekers and consider an "augmented …
Persistent link: https://www.econbiz.de/10012206513
We study the location of various film-related services (such as camera rental, casting agencies or pyrotechnic services), the main determinant of interest being the human capital specificity. We show that firms which supply services with a lower firm specificity locate farther away from one...
Persistent link: https://www.econbiz.de/10011439248
equilibrium is equivalent to the efficient bargaining outcome. In a dynamic framework with search frictions, we demonstrate that …
Persistent link: https://www.econbiz.de/10011441532